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EIA: OPEC+ Cuts To Lift Oil Prices Through April naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
Premium Content $70 Oil May Cause Slowdown In Demand Recovery By Tsvetana Paraskova - Mar 08, 2021, 7:00 PM CST While the unexpected rollover of the OPEC+ production cuts sent Brent Crude prices up to $70 a barrel, the highest oil prices in more than a year could dampen global oil demand recovery, which the OPEC+ group itself still sees as fragile. After the surprise OPEC+ move last week, crude oil prices rallied faster and higher than many forecasters had predicted just a week ago as the market expects supply shortages amid recovering demand. Oil at $70 a barrel is good for oil bulls, oil companies, and the oil-dependent budgets of most OPEC+ producers, but it is not good news for prices at the pump or oil-importing nations, including the key demand growth drivers China and India. ....
Oil Down Despite Several Indicators Of Imminent Demand Recovery by Ship & Bunker News Team Thursday January 28, 2021 Wood Mackenzie predicts a 7 percent global oil demand rise this year: File Image/Pixabay Seemingly immune to any promising news about demand recovery in 2021, crude traders on Thursday maintained their concern that recovery might be slower than anticipated - and as a result, two key benchmarks ended their sessions lower. Brent fell $55.53 per barrel, while West Texas Intermediate ended 51 cents lower at $52.34; the losses were said to be triggered by news of stricter Covid vaccine checks by the European Union and delivery hold-ups from ....
Ann-Louise Hittle on how the oil market to play out in 2021 vestnikkavkaza.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vestnikkavkaza.net Daily Mail and Mail on Sunday newspapers.
Ten predictions for energy in 2021 On 31 December 2019, the Wuhan Municipal Health Committee in Hubei, China, announced a “pneumonia epidemic situation in our city”. There had been 27 reported cases of pneumonia of unknown cause, seven of them serious. We did not know it at the time, but many forecasts for 2020 had been rendered obsolete before the year had even begun. Some of the predictions offered by Wood Mackenzie analysts for Energy Pulse a year ago still came good nevertheless. Solar power installations have increased again this year, despite the pandemic. Several large oil companies followed Repsol in setting ambitions for net-zero emissions in 2050. And investors are still looking for free cash flow, debt reduction and dividends, rather than promises of production growth, from US E&Ps. ....